June 2026
As we welcome new members into UAW Local 602, I want to take a moment to discuss a topic that often doesn't receive enough attention: financial preparedness.
Many of our newer members entered the workforce after the historic strikes and negotiations that shaped the wages, benefits, and protections we enjoy today. While our current agreement remains in effect through 2028, one of the best things any member can do right now is begin building a financial safety net.
No one knows what the future holds. Negotiations are always about securing the best possible future for working families. Whether negotiations proceed smoothly or become challenging, having personal financial stability provides peace of mind and options.
As your Financial Secretary Treasurer, I encourage every member—especially those early in their careers—to begin creating a household budget and establishing an emergency savings account. Even small amounts saved consistently can make a significant difference over time. Setting aside just a portion of overtime, profit sharing, tax refunds, or annual raises can help create a financial cushion for unexpected situations.
A good goal is to work toward several months of essential expenses in savings. While that may seem overwhelming at first, every dollar saved is progress. The important thing is to start.
Financial preparedness isn't just about contract negotiations. It can help families navigate unexpected vehicle repairs, medical expenses, layoffs, family emergencies, or other life events that arise when we least expect them.
Our union has always been built on solidarity and planning for the future. Previous generations of UAW members made sacrifices that helped secure many of the wages, benefits, and workplace protections we enjoy today. As the next generation of union members, we have a responsibility to prepare ourselves and our families for whatever challenges and opportunities may lie ahead.
The strongest members are not only informed about their contract and active in their union, but also financially prepared for life's uncertainties.
As we move toward 2028 and beyond, let's continue building both a strong union and strong financial foundations for our families.
In Solidarity,
Heather
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